Elevation Point Wealth Partners LLC Purchases 128,082 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Elevation Point Wealth Partners LLC boosted its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 263.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 176,633 shares of the company’s stock after purchasing an additional 128,082 shares during the period. iShares MSCI USA Quality Factor ETF comprises 0.8% of Elevation Point Wealth Partners LLC’s holdings, making the stock its 19th largest position. Elevation Point Wealth Partners LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $33,880,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of QUAL. Advocate Investing Services LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter worth approximately $25,000. Resources Management Corp CT ADV bought a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $27,000. Financial Life Planners acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the third quarter valued at approximately $28,000. Ares Financial Consulting LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $30,000. Finally, Cornerstone Financial Management LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $30,000.

iShares MSCI USA Quality Factor ETF Trading Down 0.2%

Shares of BATS QUAL opened at $218.43 on Friday. The company has a market capitalization of $63.33 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12 month low of $181.55 and a 12 month high of $220.24. The stock has a 50 day moving average of $213.05 and a 200-day moving average of $204.74.

About iShares MSCI USA Quality Factor ETF

The iShares MSCI USA Quality Factor ETF (QUAL) is an exchange-traded fund that is based on the MSCI USA Sector Neutral Quality index. The fund tracks an index of US large- and mid-cap stocks, selected and weighted by high ROE, stable earnings growth and low debt\u002Fequity, relative to peers in each sector. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.